A timely market dynamics reality check
Silicon Graphics Inc., once one of the computer industry's highest fliers, filed for bankruptcy protection for a second time and will sell its assets to Rackable Systems Inc. for $25 million.
Rackable, a younger maker of server systems that has gone through its own problems lately, said Wednesday it plans to use SGI's hardware and services to expand its business in high-performance computing and other sectors.
Its offer could be topped by a higher bidder at a bankruptcy-court supervised auction.
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